Alteryx Inc (NYSE:AYX)’s stock price rose 5.9% on Tuesday . The company traded as high as $104.91 and last traded at $104.23, approximately 1,886,805 shares traded hands during mid-day trading. An increase of 37% from the average daily volume of 1,376,351 shares. The stock had previously closed at $98.43.
AYX has been the topic of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of Alteryx in a report on Wednesday, July 31st. Wedbush set a $126.00 price target on shares of Alteryx and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup lowered their price target on shares of Alteryx from $161.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. KeyCorp raised their price target on shares of Alteryx from $123.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Compass Point initiated coverage on shares of Alteryx in a research note on Tuesday, August 13th. They issued a “buy” rating and a $150.00 target price for the company. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Alteryx presently has an average rating of “Buy” and an average price target of $121.10.
The business’s 50 day moving average is $100.04 and its 200 day moving average is $109.56. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of -521.15, a PEG ratio of 9.71 and a beta of 1.00. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.22 and a current ratio of 5.22.
Alteryx (NYSE:AYX) last released its earnings results on Thursday, October 31st. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.15. The company had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $90.42 million. Alteryx had a negative net margin of 3.31% and a positive return on equity of 1.09%. Alteryx’s revenue for the quarter was up 65.2% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Sell-side analysts predict that Alteryx Inc will post 0.25 EPS for the current year.
In other Alteryx news, Director Charles Cory sold 5,000 shares of Alteryx stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $95.54, for a total transaction of $477,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Robert Scott Jones sold 1,599 shares of Alteryx stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $146.53, for a total transaction of $234,301.47. The disclosure for this sale can be found here. Insiders sold a total of 87,057 shares of company stock valued at $9,838,158 over the last quarter. 19.82% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Griffin Asset Management Inc. acquired a new stake in Alteryx during the 2nd quarter valued at approximately $30,000. Capital Investment Advisory Services LLC acquired a new stake in Alteryx during the 3rd quarter valued at approximately $35,000. Harvest Fund Management Co. Ltd acquired a new stake in Alteryx during the 2nd quarter valued at approximately $40,000. Parallel Advisors LLC lifted its stake in Alteryx by 83.6% during the 2nd quarter. Parallel Advisors LLC now owns 448 shares of the company’s stock valued at $49,000 after acquiring an additional 204 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new stake in Alteryx during the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 69.31% of the company’s stock.
About Alteryx (NYSE:AYX)
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.
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